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Horizons ETFs announces closure of certain ETFs

TORONTO, March 30, 2015 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager") announced today that it will be terminating certain exchange traded funds ("ETFs") effective at the close of business on Friday, June 12, 2015 (the "Termination Date"). The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:

ETF

Ticker

Horizons BetaPro S&P/TSX Global Base Metals™ Bull Plus ETF

HMU

Horizons BetaPro S&P/TSX Global Base Metals™ Bear Plus ETF

HMD

Effective immediately, no further direct subscriptions for units of the Terminated ETFs will be accepted. Monday, June 8, 2015, is expected to be the last date on which a redemption request may be placed with the Manager and the Terminated ETFs are expected to be de-listed from the Toronto Stock Exchange, at the request of the Manager, at the close of business on or about Tuesday, June 9, 2015, with all units still held by investors being subject to a mandatory redemption as of the Termination Date.

Any remaining unitholders of the Terminated ETFs as at the Termination Date will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the Terminated ETFs, on a pro rata basis.

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies offering the Horizons ETFs family of exchange-traded funds. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $4.9 billion of assets under management and with 69 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Financial Group.